Periodic and Perpetual Inventory Systems - Problem Solving

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  • Опубліковано 2 січ 2025

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  • @d-g1aimylanealtamira
    @d-g1aimylanealtamira 11 місяців тому +1

    Kung ganito teacher ko sa accounting i-f'flat uno ko talaga. T-T Hindi pa po namin nagagawa 'to pero nag-aadvance na ako incase gulatin kami ng perpetual. Salamat po! More accounting vids to come pooooo~~

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  11 місяців тому

      Walang anuman, Aimy! Hope this video lesson helped you. Marami pa mga accounting videos dito that might help you in advanced study. Mag aral nang mabuti! 🫶

  • @marcianomargieb.9978
    @marcianomargieb.9978 Рік тому +1

    Thank you po! Helpful departmental exam namin mamaya. Easy to understand sir

  • @eca_films
    @eca_films Рік тому

    MARAMING SALAMAT SIR! Apakalaking tulong ng mga tutorial mo sa aking pagaaral, sa amin, maraming salamat po, God will bless you 🙏❤️

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  Рік тому

      WALANG ANUMAN, ECA! 🫶 Im happy na makatulong sa iyo, sa inyo 🙂 mag aral palagi nang mabuti! God will bless you too! ❤️

  • @solemnswan2097
    @solemnswan2097 3 роки тому +4

    Thank you po sir! Actually nahihiya po ako magtanong sa teacher ko pag may klase sya kasi last class niya po kami bago mag-uwian and maybe pagod na din po siya. Pinapanood ko naman po yung recorded videos ng meet namin but sometimes wala po akong maintindihan. Nagiging takbuhan ko po talaga ang channel nyo. TYSM po!

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому

      You're welcome, Solemn. We hope kahit paano wag ka mahiya mag ask sa teacher nyo, dahil part pa rin yan ng learning process 🙂 Very good, before watching our videos consider mo muna rewatching ung mga recorded meet nyo 🙂
      Gawin mo lang additional materials itong free tutorials namin if hindi na talaga maiintidihan 🙂 mag aral nang mabuti ❤️

  • @danicaannobligar8281
    @danicaannobligar8281 3 роки тому +1

    Salute po sir!! Ang galing mo po magpaliwanag! Thank you po! ❤️🙏

  • @renantpalaran8266
    @renantpalaran8266 3 роки тому +1

    THANK YOU SO MUCH PO SIR! Takbuhan ko po itong channel niyo po every time mahirap po ang lesson.

  • @marsheymanliquez8972
    @marsheymanliquez8972 4 роки тому +1

    every time na nanonood ako, hindi ko insskip ads hehe God bless Sir! looking forward na ako/kami naman ang magtuturo ng ganto hehe

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +7

      Thank you Marshey. Malaking tulong samin ang hindi pagskip ng ads. Tsaka dagdag kasipagan na din sa amin yan para mas marami pa magawa na videos in the future.
      We're looking forward din kami para dun future CPA 💛 na kayo naman ang magtuturo para sa mga susunod na aspiring CPA. Mag aral palagi nang mabuti.

  • @ellylim4013
    @ellylim4013 4 роки тому +2

    Very helpful po sir saming mag-ququalifying exam. More Intermediate accounting videos po sana kasi sa august na po yung quali tapos puro self-study lang din po kami sa IA123. GOD BLESS Sir. We truly appreciate it po💕

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому

      Hello Elly! We're glad it helped. Goodluck sa qualifying exam 👍
      Ano coverage ng qualifying exam ninyo? Please consider watching intermediate accounting playlist dito for more IA topics.
      May mga videos na kami na hindi pa na-a-upload dito sa yt channel. More IA topics pa to be uploaded soon! 👍

    • @ellylim4013
      @ellylim4013 4 роки тому

      @@FilipinoAccountingTutorial Thank you Sir 💕 IA123, CFAS at Taxation po sir. Matatapos ko na din po ang IAplaylist niyo💕

  • @borjaallonad.9389
    @borjaallonad.9389 3 роки тому

    super helpful and thankful to have your video :)

  • @itsmariellegatdula
    @itsmariellegatdula 4 роки тому +2

    Thank you! God bless you💛

  • @mkvillanueva7522
    @mkvillanueva7522 3 роки тому +1

    LIFE SAVER HUHU THANK YOU SO MUCH

  • @rince4054
    @rince4054 4 роки тому +1

    Hi may ask po ulit ako.. sa bookkeeping nc-III.. may na-encounter akong transaction na sa PERPETUAL:
    -Made refund to cash customers for defective merchandise ₱xxx.xx
    Sa JOURNAL entry nya ganito👇:
    Dr. Sales R&A
    Cr. Cash
    Q:Bakit po kaya 1 entry lang ginawa dun sa solution pero po sa example nyo po dahil nagbalik, may effect din sya sa invty.. like sa (13:32) transaction#5..
    Thank you.

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +2

      Hi Rin Ce! Sa transaction no. 5. Dalawa ang napakitang entries under perpetual.
      1 for reduction of A/R due to sales return
      1 for increase in inventory due to sales return.

    • @rince4054
      @rince4054 4 роки тому

      Dun po sa pinakita ko example possible na 1entry tlga sya?

    • @rince4054
      @rince4054 4 роки тому

      Dahil sa term na "CASH customer" parang cash lang ung binalik ni seller kay buyer na refund at hindi na binalik ni buyer ung defetive goods/merchandise??
      Kaya 1 entry lang po dun sa example ko ..compare sa example nyo dahil may Nareceived syang item na binalik? Ganun po b un?

    • @rince4054
      @rince4054 4 роки тому

      Filipino Accounting Tutorial gets ko po ung part na un dahil sa discussion nyo po ..
      kaso na confuse lng ako dun sa example transaction sa bookkeeping na naencounter ko dahil 1entry lng gnwa nya..

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +2

      Yes. Example mo is walang return ng merchandise kaya isa lang entry. And yan din ay example ng sales allowance.

  • @mae6626
    @mae6626 3 роки тому +1

    Sir, ibig sabihin po ba maiinclude yung Income Summary sa preliminary trial balance? Pwede po ba yun?

  • @obeuli6697
    @obeuli6697 4 роки тому

    hello po! gusto ko lang po mag ask. Bakit po Income summary and naka credit po sa 6:36?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому

      Hello Shian. Please consider watching ung video namin na adjusting entry for inventories. Ang video na yun ang sasagot sa iyo bakit income summary ang credit. Hope it helps ❤️

  • @charlesdanielcatulong4083
    @charlesdanielcatulong4083 4 роки тому +2

    Good day po.
    Ask ko lang po kung bakit A/R ang sales sa 3:52 ? Salamat po

    • @patriciatobias2181
      @patriciatobias2181 4 роки тому +1

      tingin ko po, kasi walang sinabing nag bayad yung customer kaya A/R sya

  • @carlosjhonbaliza6406
    @carlosjhonbaliza6406 4 роки тому

    Thank you💗💗

  • @nddump5211
    @nddump5211 3 роки тому

    Tnx lods♥️

  • @christopheropena0123
    @christopheropena0123 3 роки тому

    thank u po sir, OTW na po SI FIFO ehrhe

  • @mchuy5225
    @mchuy5225 4 роки тому +2

    Hi po! what if mas malaki ang value sa Inventory on hand? magiging "Dr. Inventory; Cr. Inventory Shortage" po ba sha?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому

      Hello Miles. Unusual ang inventory overage, but hindi malaman ang reason bakit may sobra na inventory, you can use inventory overage account.

    • @mchuy5225
      @mchuy5225 4 роки тому

      @@FilipinoAccountingTutorial Salamat po!

  • @jiegermariecaruz4321
    @jiegermariecaruz4321 3 роки тому +2

    Ask lang ako about sa periodic table ng COGS , sa amin kasi e sa.subtract yung purchase at purchase return, bakit di ginalaw yung purchase?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +1

      Hello Jieger. Ang Purchases ay add, and purchase returns naman ay subtract to determine Total goods available for sale or TGAS. Then TGAS minus end inventory equals COGS. Hope it helps.

    • @chelseahseller915
      @chelseahseller915 3 роки тому +3

      Ganto po samin e
      Beg. Inventory
      Add: Purchases
      Freight In
      Total Goods Available for Sale
      Minus: Purchase Return & Allowances
      Purchase Discount
      Net Purchases
      Minus: Ending Inventory
      =Cost of Goods Sold

    • @chelseahseller915
      @chelseahseller915 3 роки тому +1

      Ganto po samin e
      Beg. Inventory
      Add: Purchases
      Freight In
      Total Goods Available for Sale
      Minus: Purchase Return & Allowances
      Purchase Discount
      Net Purchases
      Minus: Ending Inventory
      =Cost of Goods Sold

  • @Sinonchi01
    @Sinonchi01 Рік тому

    bakit po pala A/R yung sa 4. sir sa periodic... wala naman po nakastate na inutang po yung binenta hindi po ba yun cash sir? or inassume po na utang since silent problem po?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  Рік тому

      Cash account is more appropriate, marithe 🫶
      Though pwede rin naman na A/R as account. Hope it helps 🙂

  • @janethperanil3789
    @janethperanil3789 2 роки тому

    Thank you sir

  • @stephmadrigalejo4398
    @stephmadrigalejo4398 3 роки тому

    pano po yung may different cost po ng purchase. ano po ang gagamitin kapag may shortage.fifo method

  • @ramoncruta5310
    @ramoncruta5310 3 роки тому

    Thank you po sir

  • @elyzzagarcia6356
    @elyzzagarcia6356 4 роки тому

    Thank you po!

  • @justinemaeochaque5486
    @justinemaeochaque5486 Рік тому

    sir sana po masagot niyo po tanong ko! may ncIII po kasi ako this coming Friday. Ask ko lang po if need ng income summary sa perpetual? and kailan po siya kailangan if need ng income summary?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  Рік тому

      Goodluck on your upcoming NCIII, justine 🫶 Yes, need ng income summary sa perpetual system. Service or Merchandising or Manufacturing business, need ang income summary account. Provided the form of business is proprietorship or partnership. 🙂
      Pag corporation ang form of business, we use "retained earnings" instead of income summary. Hope it helps. ❤️

  • @mchuy5225
    @mchuy5225 4 роки тому +1

    Hi po! sa Income Statement po ba maiinclude ang Income summary? or sa Balance sheet (Owners Equity part)

    • @anthony17mapoy46
      @anthony17mapoy46 3 місяці тому

      Normally, ang Income Summary ay isang temporary account na kabilang sa income statement. It is used to deduct revenues and expenses, and then later transferred to the capital.

  • @biangcaaaa
    @biangcaaaa 4 роки тому

    Hi, ask ko lang po if laging may inventory shortage kapag perpetual inventory ang ginagamit?

  • @biswaranjanjena2159
    @biswaranjanjena2159 4 роки тому

    Hi sir. Ask ko lang po yung dated 4, account receivable po yung debit? Akala ko po cash kase wala namang nakalagay na on account.

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +4

      Hello Biswaranjan. Actually yung transaction 4 ay silent masyado. Hindi sinabi kung account at hindi rin sinabi kung cash.
      For lecture purposes, ginamit ko nalang as debit A/R. A/R kasi binase ko na lang sya sa experience ko bilang accountant wherein karamihan sa mga naexperience ko nagsstart ang recording ng sales as debit sa A/R (hindi ko na nga lang nabanggit yan sa video)
      You can use Cash or A/R as debit. Hope this will help.

    • @biswaranjanjena2159
      @biswaranjanjena2159 4 роки тому

      Thanks po for the response.
      Ang karaniwan kase namin pong ginagamit pag walang nabanggit is cash...
      Pero thanks alot po. 😊

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому +1

      You're welcome. Mag aral nang mabuti 💛

  • @styleandbloom7810
    @styleandbloom7810 2 роки тому

    Sir paano mag record ng transaction. If kapag humiram ka ng pera sa bank, inissue siya ng promissory note. Gamit po periodic inventory?

  • @MinecraftGamer-ky5yo
    @MinecraftGamer-ky5yo 2 роки тому

    Hello po sa number 4 Wala Naman po siyang nkalagay na on accounts / n terms,, so bakit po accounts receivable Yung debit? My napanood po Kasi video pg Wala daw po na on accounts or n terms that is cash na po..

    • @KRIZZIAJOYMGUIOGUIO
      @KRIZZIAJOYMGUIOGUIO 2 роки тому

      baka kasi it is merchandising , sa merchandising kasi wlang cash converted rapidly. baka ganun. im confused din

  • @teachjechelle
    @teachjechelle 2 роки тому

    hello sir. sa number 4 transaction po cash po itu or credit? wala kasing nakalagay na on credit so meaning ang entry is Dr. cash, cr. sales?
    correct me if i am wrong po. thank u

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  2 роки тому

      My humble opinion:
      Dahil nasa educational purposes pa tayo sa accounting. Either debit to cash or a/r is acceptable for no. 4 transaction since wala sya nakalagay whether cash or credit 🙂
      Pero kung actual practice ito, dapat alam natin yung terms of sale para mairecord natin ang tamang debit.
      You are not wrong, Jechelle. Pwede rin debit sa cash yan 🙂

    • @ArahSato
      @ArahSato 2 роки тому

      Yung alam ko “if walang naka indicate na sold on account etc” automatic cash po sya, I’m also confused rn

  • @robbiecolis4185
    @robbiecolis4185 2 роки тому +1

    Any exceptions must be noted so that partical payments can be processed, or defective goods can be returned.

  • @denisetubiano7520
    @denisetubiano7520 Рік тому

    Hii sir, can I ask if paano nkuha ung 780k na COGS?

  • @KRIZZIAJOYMGUIOGUIO
    @KRIZZIAJOYMGUIOGUIO 2 роки тому +1

    naka silence nman yung problem 4 why it is a/r?

  • @genesissanpedro6893
    @genesissanpedro6893 Рік тому

    Ano pong accounting entry sa cost of goods sold?

  • @notesandtips8081
    @notesandtips8081 4 роки тому

    Make a tutorial din po about sa share splits

  • @sofhialorraineremigio
    @sofhialorraineremigio Рік тому

    Sir where Can I message you po kaya may ask po sana ako sa periodic inventory system finals this week

  • @ellanicdao741
    @ellanicdao741 4 роки тому

    Pano po makukuha cogs if walang beg. Inventory which is nagstart yung transaction sa pag purchase and walang unit na nkalagay

  • @porferioandaliza454
    @porferioandaliza454 4 роки тому +1

    Hello sir. Bago lang po ako sa channel ninyo.
    Sir ano Financial analysis example po may production po na gagawin?😅 gawan po ninyo ng video sir, hoping po God bless

  • @joannaleigh2002
    @joannaleigh2002 3 роки тому

    Paano po kapag diretsong transaction na agad, walang binigay nabeginning inventory?

  • @linalyntamayo4734
    @linalyntamayo4734 3 роки тому

    Hellow po .. Paano po kung direo na la agad ung transaction at wala pong bgning inventory.. Paano po un?

  • @mikaelajadepaguyo4629
    @mikaelajadepaguyo4629 3 роки тому

    Sir, automatic po ba na ung amount debited sa "Inventory Shortage" is considered as LOSS sa entity?

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +1

      Hello April. Yes, especially kapag sobrang laki ng amount or material amount yung loss.

    • @mikaelajadepaguyo4629
      @mikaelajadepaguyo4629 3 роки тому

      @@FilipinoAccountingTutorial Thank you so much po ulit sir ❤️✨ God bless po

  • @allasasmarjorie847
    @allasasmarjorie847 4 роки тому

    Can i ask po kung paano ang entry kapag ang transaction is nag indicate ng sold merchandise for (ex: 1k) and aslo may nakalagay na list price for (ex: 10k) with terms of (ex: 6% and 8%) 2/10, n/30
    Di ko po kase magets pano yan sana po matulungan nyo ko

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  4 роки тому

      Ang purchases/sales ay nirerecord at invoice amount. Invoice amount = List price minus trade discounts.
      Sa example mo. Kung ang list price is 10K. Therefore, invoice price is 10k * 94% * 92%.
      Hope it helps.

    • @allasasmarjorie847
      @allasasmarjorie847 4 роки тому

      @@FilipinoAccountingTutorial thank you po, pero paano po yung amount sa entries, madi disregard po ba yung worth amount na 1k, then ang ilalagay na amount is yung invoice po?

  • @shelleeeee
    @shelleeeee 3 роки тому

    hello po,, pano po yung entry sa no. 7 if wala naman pong difference??? (perpetual) thank you.

  • @christopheropena0123
    @christopheropena0123 3 роки тому

    hello po sir, ask ko lang po if ano pong difference ng sales return and sales allowances? nasanay po kasi kong magkasama 'yung 2 since iyon po naturo sa amin nung shs ko po ehehe slmt po

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  3 роки тому +2

      Hello Christopher, ang "sales allowance" ay parang "sales return", kaya lang sa sales allowance, walang "return of inventory" na nagaganap. Ang nagaganap lang pag sales allowance ay reduction ng A/R, yung amount deducted is the sales allowance. Hope it helps. 🧡

    • @christopheropena0123
      @christopheropena0123 3 роки тому

      @@FilipinoAccountingTutorial cge po sir maraming salamat po :>

  • @roxannedaebaribar6513
    @roxannedaebaribar6513 2 роки тому

    yung mas klaro pag magturo sa youtube kaysa sa mismong teacher haha

  • @mizugameshishi1848
    @mizugameshishi1848 3 місяці тому

    Paano po pag sa net method tsaka gross method hindi kopo naiintindihan lesson namin😭

  • @diannerevelyn3030
    @diannerevelyn3030 2 роки тому

    Hi sir how about sa inventory balance naman po , using periodic system and perpetual system Naman po d ko po talaga ma gets sir

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  2 роки тому

      Hello Dianne. Basically pag periodic inventory, nag uupdate lang ang balance ng inventory account after makapagconduct ng physical count.
      Kapag perpetual, every inventory transaction nag uupdate ang inventory account. Hope it helps 🙂

  • @rince4054
    @rince4054 4 роки тому

    Hi ask ko po ung #4(perpetual) dr.COGS (790k * 1k)
    Q: Paano po naging 1k or san nakuha ? Hehe thanks.. di ko lang po gets.. 😅

    • @nicofernando9027
      @nicofernando9027 4 роки тому

      kase po 1k per seat cover ang binayaran ng company sa pag acquire niya ng seat covers

    • @iraquillas9634
      @iraquillas9634 4 роки тому +1

      kapag cogs transactions po, yung original amount na binili kay seller (yung 1k) ang i-multiply at hindi yung nakapatong na na amount kapag sales (which is yung 2k)

  • @ryuchaer8102
    @ryuchaer8102 3 роки тому

    hi sir nag-email po ako sa inyo,sana po mapansin nyo. Need na need ko po kasi , thank u po.

  • @bing6319
    @bing6319 2 роки тому

    mabilis ka sir ,

    • @FilipinoAccountingTutorial
      @FilipinoAccountingTutorial  2 роки тому

      You might consider making slower yung playback speed. Hoping this video will still help you, bing.